|E868| Now’s not a good time to be a company offering home equity alternatives to reverse mortgages or HELOCs. Last month, the CFPB issued a warning on equity sharing arrangements. Last October, Washington State’s Attorney General’s office filed a suit against Unison. Now, Hometap is in the crosshairs of the Massachusetts State Attorney General’s office, who allege that the company “pervasively and systematically violated the state’s consumer protection laws.
Continue readingThere’s an uptick of Canadian reverse mortgage borrowers using their loan to help their heirs buy a home. Heres how…
Continue readingEmployees of the CFPB will have a lot of time on their hands. Scott Bessent, confirmed as Treasury secretary is now the bureau’s acting director who told CFPB employees to halt most work.
Continue readingEmployees of the CFPB will have a lot of time on their hands. Scott Bessent, confirmed as Treasury secretary is now the bureau’s acting director who told CFPB employees to halt most work.
Continue readingOne Illinois scammer was so prolific in victimizing older homeowners tricking them into a reverse mortgage that it prompted the State Assembly to draft a new bill.
Continue readingA look at President Trump’s recent executive order addressing America’s housing affordability crisis and what it means for current and potential reverse mortgage borrowers.
Continue readingHere’s what LA fire victims with a reverse mortgage need to do and how servicers can help.
Continue readingOne MSN reader asks if she should financially support her parents to avoid a reverse mortgage as she’s the sole heir. Here’s what they said.
Continue readingHere’s how one Facebook post helped one couple relocate and purchase their retirement home near the coast of South Carolina.
Continue readingOlder adult children who may face the need to support their aging parents even with a reverse mortgage. Here’s what one Ramsey Solutions caller had to say…
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